Oil prices on the world market have fallen below $104.
elchi reports that the price of November futures for Brent crude oil decreased by $0.95, or 0.91%, to $103.87 per barrel.
The price of October futures for WTI crude oil fell by $0.79, or 0.78%, to $101.12.
The decline in oil prices is influenced by indicators of weakening fuel demand in the US and market correction following the previous sharp price increase. However, ongoing tensions in the Middle East and risks related to supplies through the Strait of Hormuz are limiting a sharper decline in prices.